Look at a 10 rupee note. What is written | Class 10 Social Science - Understanding Economic Development Chapter Money and Credit, Money and Credit NCERT Solutions

Question:

Look at a 10 rupee note. What is written on top? Can you explain this statement?
“Reserve Bank of India” and “Guaranteed by the Government” are written on top.

Answer:

Reserve bank of india and guaranteed by the government are written on top a 10 rupee note. In india , currency is issued by the reserve bank of india on behalf of the central government. So these two statements signify that the currency is authorized of guaranteed by the central government. That is the Indian law legalizes the use of this 10 rupee note as a medium of payment anywhere in the country.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Money and Credit.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

Comments

Comment(s) on this Question

Welcome to the NCERT Solutions for Class 10 Social Science - Understanding Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 4: Look at a 10 rupee note. What is written on top? Can you explain this statement? “Reserve Ban....